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please don't do question 7.22 *BE7.22 (LO 10) Jaguar Corporation is preparing a bank reconciliation and has identified the following potential reconciling items. For each
please don't do question 7.22
*BE7.22 (LO 10) Jaguar Corporation is preparing a bank reconciliation and has identified the following potential reconciling items. For each item, state if it is (a) added to the balance per bank statement, (b) deducted from the balance per bank statement, (c) added to the balance per books, (d) deducted from the balance per books, or (e) not needed for the reconciliation. 1. Deposit in transit of $5,500 2. Previous month's outstanding cheque for $298 clearing the bank in the current month 3. Interest credited by the bank to Jaguar's account of $31 4. Bank service charges of $20 5. A deposit in transit from previous month of $876 shown by bank as deposit of current month 6. Outstanding cheques of $7,422 7. NSF cheque returned of $260, and related service charge of $20 *BE7.23 (LO 10) Prepare any entries needed to make Jaguar's accounting records correct and complete. BE7.8 (LO 5) Use the information for Battle Tank Limited in BE727 and assume instead that the unadjusted balance in Allowance for Doubtful Accounts is a debit balance of $3,000. Based on this, prepare the December 31, 2020 journal entry to record the adjustment to Allowance for Doubtful Accounts. *BE7.22 (LO 10) Jaguar Corporation is preparing a bank reconciliation and has identified the following potential reconciling items. For each item, state if it is (a) added to the balance per bank statement, (b) deducted from the balance per bank statement, (c) added to the balance per books, (d) deducted from the balance per books, or (e) not needed for the reconciliation. 1. Deposit in transit of $5,500 2. Previous month's outstanding cheque for $298 clearing the bank in the current month 3. Interest credited by the bank to Jaguar's account of $31 4. Bank service charges of $20 5. A deposit in transit from previous month of $876 shown by bank as deposit of current month 6. Outstanding cheques of $7,422 7. NSF cheque returned of $260, and related service charge of $20 *BE7.23 (LO 10) Prepare any entries needed to make Jaguar's accounting records correct and complete. BE7.8 (LO 5) Use the information for Battle Tank Limited in BE727 and assume instead that the unadjusted balance in Allowance for Doubtful Accounts is a debit balance of $3,000. Based on this, prepare the December 31, 2020 journal entry to record the adjustment to Allowance for Doubtful Accounts Step by Step Solution
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